New Albany Horizons: Speculation solidifies around potential downtown development.

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The Tribune reports that the Redevelopment Commission’s approval yesterday of a small land sale will help move a circulating rumor one step closer to reality.

Investors hope they have crossed the final preconstruction hurdle in getting a mixed-use development — worth an estimated $30 million to $35 million — approved for downtown New Albany.

Editor’s note: The Tribune added to the story and then changed the headline and link. It’s been updated here.

Offices, restaurants and hotel in the works in New Albany by Daniel Suddeath

Well-known downtown entrepreneurs Carl Holliday and Steve Goodman, along with Trish and Doug Wampler, hope to include retail, restaurants, a hotel, parking garage, and residential expansion in a Main Street project.

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